India's trade deficit widens 31.5% to $15.03 billion in July (YoY); merchandise exports hit record high

India's trade portfolio: Deficit widens 31.5% to $15bn in July; electronics exports surge 11-fold

India’s trade gap widened in July as imports grew faster than exports, with the combined merchandise and services deficit rising 31.5% year-on-year to $15.03 billion, according to data released by the commerce ministry.